A program of infill drilling is planned this year for the Cuatro Hermanos porphyry copper project in Sonora state, Morgain Minerals (VSE) reports.
Cost of the drilling is estimated to be US$3.5 million; Morgain was negotiating with a European securities firm for financing.
Current reserves, based on widely spaced holes, are estimated to total 250 million tons grading 0.43% copper and 0.022% molybdenum. The company says there is the potential to increase that reserve figure significantly.
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